Calculate your final answer using the formula and financial, Financial Management

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Calculate your final answer using the formula and financial

Assume a zero-coupon bond that sells for $147 will mature in 25 years at $1, 600. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. What is the effective yield to maturity? (Assume annual compounding. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Effective yield to maturity _______ %

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Financial Management: Calculate your final answer using the formula and financial

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